Jul 17, 2011 6:00am EDT
to have big shots in the economy, you need to discourage debt and encourage equity including big banks and small banks. >> thank you for being part of this historic hearing. this comes at an historic time for the nation. we received letters from more than 400 ceo's about the pending potential of the fault -- of default on the nation's debt. they said that even a technical -- technical default in this case would have catastrophic events. this happened in 1979 even under the well and tens of congress for it was late resulting in interest rates that plague the country for the next 10 years. given what is happening around the globe, with moody's downgrading ireland again today, what is your advice to the congress in terms of acting and giving the deadlines that secretary of the treasury tim geithner has outlined? >> my advice would be simple and be the same advice as christie and the lifeguard would give the united states. you need to expend the debt ceiling and you cannot play games with something this serious. world financial markets are much more fragile than you would like to believe.
Jul 17, 2011 3:00pm EDT
are not seeing that, in because you mentioned, th of the big overhang of foreclosed homes, which are weighing on prices. it is a vicious circle. people do not want to buy because prices are falling. prices are falling because people do not want to buy. there are a number of things we are doing. we are keeping mortgage rates globe. -- low. this works to try to modify -- there is work to try to modify mortgages. i think it is worth looking at that area. one area where more work needs to be done is housing finance. we have not begun to clarify for the market out housing finance -- the market and the public housing finance -- how housing finance will be conducted in the future. mi her area i suggest he mighwe ght think about is the overhang of distressed houses. for example, fanny, freddie, and the bank's own about half a million homes right now, which are basically sitting there on the market and which are pressing down prices and reducing appraisals and making the housing market much weaker than it otherwise would be. that is another area to look at. there are various things that one could do t
Jul 17, 2011 2:00am EDT
not cover a big portion of it right now. of a thousand new border patrol agents that are coming into service this year, the vast majority are going into arizona. but it is also critical to note that there are other activities occurring. our partnerships for mexico, for example, working joint operations with our mexican partners, then in mexico and us on our side, over 60 of the state's law enforcement agents are now partners with us in an operation that incorporates other law enforcement agencies to ensure that we bring the greatest density of enforcement coverage in arizona. the national guard right now, we have 363 national guard troops on the drown the-ground. we have more, so it is a constant buildup of what we are doing in arizona. when we bring arizona under control, not if, we will do so as quickly as we can. something that i think critical here is the following -- this year because of a drop in activity levels that we have seen, we figure that we will end up in the year with apprehensions somewhere between 106,100 18,000. but as 106,000 --106,000 and 118,000. throughout the state of
Jul 17, 2011 10:30am EDT
. it is a mixture of big and small airports that go into the best practices in terms of what's appropriate for each airport. >> i have a lot of precedent in a limited amount of time. you're talking about baggage screening equipment. the airport i use the most is in corpus christi. we have american and continental, three regional jets, southwest with 737's. each airline has a screening machines staffed by two tsa agents. we bought three machines for the corpus christi airport. probably a fourth one, because delta used to be there. why could there not be just one? there are never that many people there. do we have any idea why we are spending multiple -- thata has a program they're trying to move toward, optimal solutions for each airport. they are trying to remove the stand-alone machines and use more efficient systems or even so-called in-line systems, which require less personnel to operate. i am not sure if that particular airport is on track to get that system. >> one of the things i hear consistently from my constituents -- try saying that three times fast -- is why don't we faller -- follow mo